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BOM24567 S6J S.L.C. 155 1 (2) not later than 90 days after submitting the 2 report under paragraph (1)- 3 (A) initiate a rulemaking activity and 4 make such policy and guidance updates deter- 5 mined necessary by the Secretary to address the 6 consensus recommendations reached by the 7 rulemaking committee under subsection (e); 8 (B) submit a report to the appropriate 9 committees of Congress identifying the rec- 10 ommendations of the rulemaking committee 11 that require legislative changes; and 12 (C) submit a report to the Secretary of 13 State identifying recommendations of the rule- 14 making committee that require changes to trea- 15 ty requirements and regulations established by 16 the International Maritime Organization, in- 17 eluding recommendations that should inform 18 the policy of the United States as a member of 19 the International Maritime Organization. 20 SEC. 433. AMENDMENTS TO SHIPOWNERS' LIMITATION OF 21 LIABILITY ACT OF 1851. 22 (a) IN GENERAL.--Section 30523 of title 46, United 23 States Code, is amended- 24 (1) by striking subsection (a) and inserting the 25 following: OST-2025-1200 Page 00526 Sierra Club v. Dept. of Transp. - 3:25-cv-06221 SC_EVERSPLIT0012207 BOM24567 S6J S.L.C. 156 1 "(a) LIMIT OF OWNER LIABILITY.- 2 "(1) IN GENERAL.--Except as provided in sec- 3 tion 30524 of this title, the liability of- 4 "(A) the owner of a vessel of the United 5 States for any claim, debt, or liability described 6 in subsection (b) shall not exceed the value of 7 the vessel and pending freight; and 8 "(B) the owner of a foreign vessel for any 9 claim, debt, or liability described in subsection 10 (b) shall not exceed the amount that is 10 times 11 the value of the vessel and pending freight. 12 "(2) MULTIPLE OWNERS.-If a vessel has more 13 than one owner, the proportionate share of the liabil- 14 ity under paragraph (1) of any one such owner shall 15 not exceed that owner's proportionate interest in the 16 vessel and pending freight."; and 17 (2) by striking subsection (c) and inserting the 18 following: 19 "(C) CLAIMS NOT SUBJECT TO LIMITATION.-Sub- 20 section (a) does not apply to- 21 "(1) a claim for wages; or 22 "(2) with respect to the liability of an owner of 23 a foreign vessel, a claim, debt, or liability arising 24 from personal injury or wrongful death of a person 25 who was not a crewmember or passenger of the for- OST-2025-1200 Page 00527 Sierra Club v. Dept. of Transp. - 3:25-cv-06221 SC_EVERSPLIT0012208 B0M24567 S6J S.L.C. 157 1 eign vessel at the time the injury (including fatal in- 2 jury, if applicable) occurred.". 3 (b) AMENDMENT TO CESSATION OF CERTAIN Ac- 4 TIONS.--Section 30529(c) of title 46, United States Code, 5 is amended by striking "the matter in question" and in- 6 serting "a matter subject to limitation under section 7 30523". 8 (c) EFFECTIVE DATE.--The amendments made by 9 subsections (a) and (b) shall apply to any liability subject 10 to section 30523(a) of title 46, United States Code, that 11 arises on or after March 25, 2024. 12 TITLE V-SHIPBUILDING 13 Subtitle A--Shipbuilding Financial 14 Incentives 15 SEC. 501. SHIPBUILDING FINANCIAL INCENTIVES. 16 (a) IN GENERAL.--Part C of subtitle V of title 46, 17 United States Code, is amended by inserting after chapter 18 537 the following: 19 "CHAPTER 538-SHIPBUILDING 20 FINANCIAL INCENTIVES 21 953801. Shipbuilding financial incentives 22 "(a) ESTABLISHMENT.--The Maritime Adminis- 23 trator shall establish a program that, in accordance with 24 the requirements of this section, provides Federal financial 25 assistance to covered entities to-- OST-2025-1200 Page 00528 Sierra Club v. Dept. of Transp. - 3:25-cv-06221 SC_EVERSPLIT0012209 BOM24567 S6J S.L.C. 158 1 "(1) aid in the construction of a vessel that 2 shall be documented under the laws of the United 3 States; or 4 "(2) incentivize a qualified shipyard investment. 5 "(b) DEFINITIONS.-In this section: 6 "(1) APPROPRIATE COMMITTEES OF CON- 7 GRESS.--The term `appropriate committees of Con- 8 gress' means the Committee on Commerce, Science, 9 and Transportation and the Committee on Appro- 10 priations of the Senate and the Committee on 11 Armed Services and the Committee on Appropria- 12 tions of the House of Representatives. 13 "(2) COVERED ENTITY.--The term `covered en- 14 tity' means- 15 "(A) any proposed vessel purchaser who is 16 a citizen of the United States; or 17 "(B) any shipyard of the United States 18 with the ability, experience, financial resources, 19 and other qualifications to construct or repair a 20 military vessel or a vessel to be used in the for- 21 eign commerce of the United States. 22 "(3) FOREIGN COMMERCE.--The term `foreign 23 commerce' means- 24 "(A) commerce or trade between the 25 United States, its territories or possessions, or OST-2025-1200 Page 00529 Sierra Club v. Dept. of Transp. - 3:25-cv-06221 SC_EVERSPLIT0012210